JPM Chief Executive Dimon Pay Ratio Among the Highest of Big U.S. Banks
March 21 2018 - 6:18PM
Dow Jones News
By Emily Glazer
JPMorgan Chase & Co. said in 2017 Chief Executive James
Dimon earned 364 times as much as the median bank employee,
according to the largest U.S. bank by asset's annual proxy
filing.
JPMorgan in mid-January disclosed that Mr. Dimon received $29.5
million in total compensation in 2017, up 5.4% in 2016. Mr. Dimon
earned the most out of the six largest U.S. bank CEOs.
The proxy filing, which uses a slightly different pay
calculation of $28.3 million for Mr. Dimon, is one that other big
banks and companies are making for the first time.
J.P. Morgan has among the highest ratios of its peers. Citigroup
CEO Michael Corbat's pay in 2017 was 369 times that of the median
employee's at the global bank, according to its proxy. Bank of
America Corp. said in its proxy that CEO Brian Moynihan earned 250
times as much as the median bank employee. Wells Fargo & Co.
said its CEO Timothy Sloan earned 291 times as much as the median
WFC salary, according to its proxy.
JPMorgan also disclosed that its annual shareholders meeting
will be held on May 15 at one of its corporate centers in Plano,
Texas.
Write to Emily Glazer at emily.glazer@wsj.com
(END) Dow Jones Newswires
March 21, 2018 18:03 ET (22:03 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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